Pitney Bowes' Enticing 10.8% Yield

The struggling mail-processing equipment maker is attracting both short-sellers and investors seeking income.

Correction: A previous version of this story understated management's revenue growth projection for this year.

Pitney Bowes stock holds two distinctions. Its eye-opening 10.8% dividend yield is the highest among companies in the Standard & Poor's 500 index; the median dividend payer yields just 2.2%. Also, Pitney (ticker: PBI) is one of the index's 10 best performers so far this year, up more than 30%.